BIZCHINA / Top Biz News
Listed firms double profits in Q1
(Xinhua)
Updated: 2007-04-29 08:48
Of the 1,028 Chinese listed companies that have so far filed quarterly
fiscal statements, 941 have reported average profit increases of more
than 100 percent.
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The combined profits of 941 companies listed on the Shanghai and Shenzhen
stock exchanges registered combined net profits of 67.87 billion yuan in
the first quarter of the year.
Business income of the 941 companies totaled 962.75 billion yuan during
the period, up 26.8 percent year on year.
The average net profits of major steelmakers grew by 216.6 percent year
on year while companies in the petrochemical, power and coal sectors also
recorded big jumps.
China Petroleum and Chemical Corp., Henan-based Anyang Steel Co. and
Hebei-based Handan Steel and Iron Co. registered net profit rises of more
than 100 percent.
(For more biz stories, please visit Industry Updates)
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